Rockville, MD - (January 13, 2011) RealEstate Business Intelligence (RBI), an MRIS company, launched its inaugural RBI Pending Home Sales Index^TM [Washington, DC Metro Area], a two-year moving window on the housing market tracking pending sales and average sales prices. The results include pending sales from December 2008 through and including December 2010 in order to provide a robust scope of the local market starting at the first major dip in the current cycle. The two-year index shows housing prices are stable (after months of unsteady market conditions) and more importantly, pending sales activity is returning to normal seasonal patterns. The market area includes: Washington DC, Montgomery County, Prince George’s County, Alexandria City, Arlington County, Fairfax County, Fairfax City and Falls Church City.

Jonathan Miller, the "housing market analyst guy" that RBI and MRIS have tapped for market analysis services, provided the market commentary for our November 2010 Housing Market Stats press release (leveraging rbiPRO, of course). Jonathan was named “Best Online Real Estate Expert" by Money Magazine and appears in publications such as the Wall Street Journal and NY Times covering national and regional housing issues. Needless to say, we're thrilled to have him join our team!  Merry reading...

RBI Released November 2010 Housing Market Stats Today

The monthly housing data released by RBI today shows an encouraging pattern of stability in home pricing while a downward trend is emerging in sales activity.  The median price of a home in the Baltimore Washington metro area has remained constant over the last three months indicating overall strength in the regional housing market. And while housing is hyper-local, and each area is seeing its own fluctuation, I’m still seeing this as a region-wide trend.